Question

different between organized and unorganized sector​

Answer 1

Answer:

Explanation:

BASIS FOR COMPARISON ORGANISED SECTOR UNORGANISED SECTOR

Meaning The sector in which the employment terms are fixed and employees have assured work is Organised sector. The sector that comprises of small scale emterprises or units and are not registered with the government.

Governed by Various acts like Factories Act, Bonus Act, PF Act, Minimum Wages Act etc. Not governed by any act.

Government rules Strictly followed Not followed

Remuneration Regular monthly salary. Daily wages

Job security Yes No

Working hours Fixed Not fixed

Overtime Workers are paid remuneration for overtime. No provision for overtime.

Salary of workers As prescribed by the government. Less than the salary prescribed by the government.

Contribution to Provident fund by the employer Yes No

Increment in salary Once in a while Rarely

Benefits and perquisites Employees get add-on benefits like medical facilities, pension, leave travel compensation, etc. Not provided.

Answer 2

Answer:

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ØŘĢÃŅÍŽÊĐ WØŘĶĔŘS:-

• The sector which is ENROLLED as per the law of the fixed government , and provide fixed wages , facilities within the framework of law is called organized sector.

• there is a need for registration.

• it is also mandatory for them to pay taxes.

ŰŇØŘĞĂŇÎŻÊĐ WØŘĶÈŘŠ:-

• the unorganized sector of work is that sector where legal provisions do not completely govern.

• there is no need for registration .

• there are no tax provisions here.